Sky Gold Ltd.'s net profit jumped 41% to Rs 8.93 crore in Q3 2023, driven by strong revenue growth. The Mumbai-based jewellery firm specializes in gold jewellery design, manufacturing, and marketing.
New Delhi, Jan 29 (PTI) Jewellery firm Sky Gold Ltd has posted a 41 per cent increase in its consolidated net profit to Rs 8.93 crore for the quarter ended December 2023.
Its net profit stood at Rs 6.34 crore in the year-ago period.
Total income also rose to Rs 460.90 crore in the third quarter of the current fiscal from Rs 267.56 crore in the corresponding period of the previous year, the company said in a statement on Monday.
Established in 2008, the Mumbai-based company is engaged in the business of designing, manufacturing and marketing of gold jewellery. It works on a B2B model with leading jewellery retailers and large wholesalers.
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